Stock market December 4: Cash flow "rotates" to real estate stocks

(NLDO) - Shaking appeared in the "king" group, but cash flow turned to real estate and stocks, helping VN-Index increase for the second consecutive session with billion-dollar liquidity.

Continuing the excitement from the explosive session on December 3 when the index surpassed the psychological mark of 1,730 points, the stock market opened the morning session on December 4 with a rather optimistic mood. However, as predicted by securities companies before trading hours, short-term profit-taking pressure quickly appeared when the VN-Index approached higher resistance zones.

Investors' caution was clearly shown in the banking stocks - the main driving force of yesterday's session. There was no longer a scene of "purple green" in unison, the reference yellow and light red colors began to intermingle. Leading codes such as VCB (Vietcombank), BID ( BID ) or CTG (VietinBank) all stagnated at the reference level or only increased slightly, leaving the stage to other industry groups.

However, thanks to the abundant liquidity, the general index did not fall deeply but only fluctuated within a narrow range before regaining green at the end of the afternoon session. At the end of the trading session, the VN-Index increased by 5.47 points (equivalent to 0.32%) to 1,737.24 points. The VN30 index still showed outstanding strength when it increased by 7.54 points, reaching 1,979.53 points.

Real estate and stocks "support" the index

The biggest highlight of today’s session was the smooth flow of money. While the banking group was resting, the real estate and financial services (securities) groups promptly spoke up to keep the market burning.

The real estate group had an explosive trading session in both points and liquidity. Looking at the board, green covers a wide area. Notably, Mid-cap codes attracted extremely strong cash flow: DXG (Dat Xanh) increased by 3.2%, PDR (Phat Dat) increased by 2%, CEO increased by 1.5%. In particular, TAL made a strong impression with an increase of 4.7%, or VPI increased by 3.6%. Although the "big brother" VHM (Vinhomes) was under pressure to adjust down by 1.5%, the heat from satellite codes helped to balance investor sentiment.

Along with real estate, the securities group also had a good trading day, directly benefiting from expectations of increased system liquidity. VIX increased by 3.1%, SHS increased by 2.8%, MBS increased by 1.7%... Leading codes such as SSI, HCM, VCI all maintained green, reinforcing the belief in a sustainable year-end wave.

In the banking group, although the general growth momentum has slowed down, there are still some bright stars. MBB ( MBBank ) is the best name in the VN30 basket today when it increased by 4.7%, closing at 25,700 VND, with a "huge" matching volume of more than 80 million units. HDB and LPB also maintained good growth of 2.2% and 1.9%, respectively.

Billion dollar liquidity, buyers dominate

In terms of market breadth, green still dominated with 217 stocks increasing compared to 91 stocks decreasing and 65 stocks remaining unchanged. This shows that investor sentiment is still very positive, ready to disburse at adjusted price levels during the session.

Market liquidity continued to remain high. Trading value on the HoSE reached over VND25,307 billion, of which the VN30 basket contributed over VND14,000 billion. The cash flow distribution chart shows that active buying power is absolutely dominant with over VND15,673 billion poured into stocks that increased in price, 3 times higher than the selling cash flow.

On the other hand, the market’s resistance today came from the Vingroup duo and some individual pillar stocks. In addition to VHM down 1.5%, VIC also fell slightly by 0.9%. Notably, airline stock VJC fell sharply by 3.7%, becoming one of the factors holding back the index’s growth.

According to analysts, the developments in the December 4 session show that the market is moving very healthily. The fact that money is not withdrawn but circulated between the pillar industries (banking - securities - real estate - steel) is a signal of a sustainable price increase cycle (uptrend).

The VN-Index closing at the highest level of the day, along with large liquidity, shows that the buyers are still in control of the game. In the coming sessions, the market will likely continue to challenge the resistance zone of 1,750 points.

Source: https://nld.com.vn/chung-khoan-ngay-4-12-dong-tien-xoay-tua-sang-co-phieu-bat-dong-san-196251204152935651.htm